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'We will do better.' Microsoft CEO Nadella admits company has to rebuild trust with employees

cnbc.com Jordan Novet 2025-10-04 19:14:14

Microsoft CEO Satya Nadella departs following a meeting of the White House Task Force on AI Education in the East Room of the White House in Washington on Sept. 4, 2025. Microsoft CEO Satya Nadella told employees in a meeting on Thursday that the company has work to do to smooth relations with employees after announcing several rounds of layoffs and a mandated partial return to in-person work. In the meeting that was held online, an employee asked executives to speak about a perceived lack of

Topics: company employees meeting microsoft nadella

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OpenAI says nonprofit parent will own equity stake in company of over $100 billion

cnbc.com Ashley Capoot 2025-10-04 19:49:16

Microsoft Chairman and Chief Executive Officer Satya Nadella (L), speaks with OpenAI Chief Executive Officer Sam Altman, who joined by video during the Microsoft Build 2025, conference in Seattle, Washington on May 19, 2025. OpenAI on Thursday said its nonprofit parent will continue to have oversight over the company and will own an equity stake of more than $100 billion. The artificial intelligence startup, recently valued at $500 billion, said this structure will make the nonprofit "one of t

Topics: company microsoft nonprofit openai said

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The Boring Company Reportedly Halts Tunneling in Las Vegas After ‘Crushing Injury’

gizmodo.com Matt Novak 2025-10-04 19:30:54

Elon Musk’s tunneling firm, The Boring Company, has temporarily halted work at one of the company’s sites in Las Vegas, Nevada, according to a new report from Fortune. The disruption is related to a “crushing injury” sustained by one of the workers at the site, according to the magazine, which spoke to local firefighters. Emergency responders received a call around 10:12 p.m. local time on Wednesday night about an “industrial/machinery incident,” according to Fortune. Employees at the worksite

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Oracle shares retreat 6% after sharpest rally in more than 30 years

cnbc.com Jordan Novet 2025-10-04 23:00:43

Oracle shares closed down 6% on Thursday, a day after the stock closed at a record high, following an analyst note expressing concern that most of the company's upcoming growth is coming from a single client: OpenAI. The software vendor has seen its stock go on a wild ride this week after CEO Safra Catz on Tuesday said that Oracle had "signed four multi-billion-dollar contracts with three different customers" in the latest quarter. The company's remaining performance obligation, a measure of co

Topics: company openai oracle report stock

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How China’s Propaganda and Surveillance Systems Really Operate

wired.com Zeyi Yang 2025-10-04 22:59:28

A trove of internal documents leaked from a little-known Chinese company has pulled back the curtain on how digital censorship tools are being marketed and exported globally. Geedge Networks sells what amounts to a commercialized “Great Firewall” to at least four countries, including Kazakhstan, Pakistan, Ethiopia, and Myanmar. The groundbreaking leak shows in granular detail the capabilities this company has to monitor, intercept, and hack internet traffic. Researchers who examined the files de

Topics: chinese company geedge golaxy government

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Alphabet's Verily covered up HIPAA violations, whistleblower says in lawsuit

cnbc.com Ashley Capoot 2025-10-05 00:38:18

Alphabet's health tech subsidiary Verily used the health data of more than 25,000 patients without authorization and actively covered up those violations, a former company executive alleges. The executive, Ryan Sloan, claims Verily fired him after he discovered breaches of the Health Insurance Portability and Accountability Act, or HIPAA, and reported his concerns to the company's senior management. Patient data in the U.S. is protected under HIPAA, which ensures the sensitive information cann

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Oracle shares retreat 7% after sharpest rally in more than 30 years

cnbc.com Jordan Novet 2025-10-05 03:48:51

Oracle shares closed down 6% on Thursday, a day after the stock closed at a record high, following an analyst note expressing concern that most of the company's upcoming growth is coming from a single client: OpenAI. The software vendor has seen its stock go on a wild ride this week after CEO Safra Catz on Tuesday said that Oracle had "signed four multi-billion-dollar contracts with three different customers" in the latest quarter. The company's remaining performance obligation, a measure of co

Topics: company openai oracle report stock

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Elon Musk’s Boring Company suspends work on Vegas airport tunnel after ‘crushing injury’

techcrunch.com Sean O'Kane 2025-10-05 03:28:23

In Brief Elon Musk’s Boring Company has reportedly stopped work on a tunnel it’s been digging to the Las Vegas airport after a worker sustained a “crushing injury” late Wednesday night, according to Fortune. Nevada’s Occupational Safety and Health Administration (OSHA) has opened an investigation. The Clark County Fire Department received a call at 10:12 p.m. local time on Wednesday and dispatched an 18-person rescue crew to the site. It’s unclear exactly what happened to the worker, but the i

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The FTC is investigating companies that make AI companion chatbots

engadget.com Unknown 2025-10-05 07:14:13

The Federal Trade Commission is making a formal inquiry into companies that provide AI chatbots that can act as companions. The investigation isn't tied to any kind of regulatory action as of yet, but does aim to reveal how companies "measure, test, and monitor potentially negative impacts of this technology on children and teens." Seven companies are being asked to participate in the FTC's investigation: Google's parent company Alphabet, Character Technologies (the creator of Character.AI), Me

Topics: ai chatbots companies ftc investigation

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Panama Ministry of Economy discloses breach claimed by INC ransomware

bleepingcomputer.com Unknown 2025-10-05 07:26:59

Panama's Ministry of Economy and Finance (MEF) has disclosed that one of its computers may have been compromised in a cyberattack.. The government noted that it activated the security procedures for these situations, stating that the incident has been contained and didn't impact core systems that are vital to its operations. "The Ministry of Economy and Finance informs the public that today an incident involving possible malicious software was detected on one of the Ministry's workstations," M

Topics: data mef ministry panama ransom

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Ted Cruz AI bill could let firms bribe Trump to avoid safety laws, critics warn

arstechnica.com Unknown 2025-10-05 07:21:08

Critics are slamming Sen. Ted Cruz's (R-Texas) new AI policy framework, which they claim would give the White House unprecedented authority to allow Big Tech companies to make "sweetheart" deals with the Trump administration to void laws designed to protect the public from reckless AI experiments. Under the framework, Cruz calls for a "light-touch" regulatory approach to "advance American leadership" in AI and ensure that "American values" are at the heart of the world's leading technology—not

Topics: ai companies cruz harms laws

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Justice Department sues Uber for allegedly discriminating against people with disabilities

techcrunch.com Sean O'Kane 2025-10-05 07:43:35

The U.S. Justice Department has filed a lawsuit against Uber, accusing the ride-hailing company of violating federal law by discriminating against people with physical disabilities. In particular, the Department of Justice’s (DOJ) civil rights division claims that the company and its drivers “routinely refuse to serve individuals with disabilities, including individuals who travel with service animals or who use stowable wheelchairs.” Uber is also accused of charging extra fees on riders who n

Topics: company disabilities doj service uber

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FTC orders AI companies to hand over info about chatbots’ impact on kids

theverge.com Lauren Feiner 2025-10-05 15:58:07

is a senior policy reporter at The Verge, covering the intersection of Silicon Valley and Capitol Hill. She spent 5 years covering tech policy at CNBC, writing about antitrust, privacy, and content moderation reform. The Federal Trade Commission (FTC) is ordering seven AI chatbot companies to provide information about how they assess the effects of their virtual companions on kids and teens. OpenAI, Meta, its subsidiary Instagram, Snap, xAI, Google parent company Alphabet, and the maker of Cha

Topics: ai chatbots companies effects ftc

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Alphabet, Meta, OpenAI, xAI and Snap face FTC probe over AI chatbot safety for kids

cnbc.com Ashley Capoot 2025-10-05 19:58:34

In this photo illustration a virtual friend is seen on the screen of an iPhone on April 30, 2020, in Arlington, Virginia. The Federal Trade Commission on Thursday announced it is issuing orders to seven companies including OpenAI, Alphabet , Meta , xAI and Snap to understand how their artificial intelligence chatbots potentially negatively affect children and teenagers. The federal agency said AI chatbots may be used to simulate human-like communication and intrapersonal relationships with use

Topics: chatbots companies ftc meta said

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Klarna stock jumps 15% in NYSE debut after pricing IPO above range

cnbc.com Ryan Browne 2025-10-06 07:39:53

In this article KLAR Follow your favorite stocks CREATE FREE ACCOUNT watch now Shares of Klarna rose 15% in their New York Stock Exchange debut Wednesday, closing at $45.82 after the Swedish fintech priced its IPO above its expected range. Klarna, known for its popular buy now, pay later products, priced shares at $40 on Tuesday, raising $1.37 billion for the company and existing shareholders. The IPO marks the latest in a growing list of high-profile tech listings this year, suggesting increa

Topics: card company exchange klarna new

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A California bill that would regulate AI companion chatbots is close to becoming law

techcrunch.com Rebecca Bellan 2025-10-06 10:10:51

The California State Assembly took a big step toward regulating AI on Wednesday night, passing SB 243 — a bill that regulate AI companion chatbots in order to protect minors and vulnerable users. The legislation passed with bipartisan support and now heads to the state Senate for a final vote Friday. If Governor Gavin Newsom signs the bill into law, it would take effect January 1, 2026, making California the first state to require AI chatbot operators to implement safety protocols for AI compan

Topics: ai chatbots companies sb techcrunch

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Perplexity reportedly raised $200M at $20B valuation

techcrunch.com Marina Temkin 2025-10-06 18:59:10

In Brief Perplexity, the AI-powered search startup that compete with Google by providing conversational answers to user queries, has secured $200 million in new capital at a $20 billion valuation, The Information reported. The fresh funding comes just two months after the company raised $100 million at an $18 billion valuation, according to Bloomberg’s July report. Since its founding three years ago, the rapidly growing AI company has raised $1.5 billion in total funding, according to PitchBoo

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Opendoor taps new CEO and names Keith Rabois chairman, boosting stock 30%

cnbc.com Annie Palmer 2025-10-06 19:02:53

Keith Rabois of Khosla Ventures attends Day 3 of TechCrunch Disrupt SF 2013 at San Francisco Design Center on September 11, 2013 in San Francisco, California. Opendoor , the online real estate platform that's seen a surge of retail investor interest in recent months, said Wednesday that it's tapped former Shopify executive Kaz Nejatian as CEO and named co-founder Keith Rabois as chairman. The stock popped 30% in extended trading, and is now up more than fifteenfold since hitting its record low

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Amazon is reportedly developing separate AR glasses for customers and its drivers

engadget.com Unknown 2025-10-06 19:08:26

Amazon may be muscling into the field of augmented reality glasses. According to a report by The Information, sources claimed that the company is working on AR glasses for consumers, allegedly with plans to release the product in late 2026 or early 2027. Insiders told the publication that the project, internally dubbed Jayhawk, would equip AR glasses with microphones, speakers, a camera and a full-color display in one eye. Amazon is reportedly using Chinese company Meta-Bounds for the AR tech.

Topics: 2026 amazon ar company glasses

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OpenAI reportedly signs $300 billion Project Stargate cloud deal with Oracle

theverge.com Elissa Welle 2025-10-06 19:01:10

is a NYC-based AI reporter and is currently supported by the Tarbell Center for AI Journalism. She covers AI companies, policies, and products. Posts from this author will be added to your daily email digest and your homepage feed. OpenAI and Oracle signed a deal “to purchase $300 billion in computing power over roughly five years,” one of the largest cloud computing deals ever, reports the Wall Street Journal. In July, the two companies revealed their partnership to build data centers worth

Topics: ai billion companies openai oracle

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Replit hits $3B valuation on $150M annualized revenue

techcrunch.com Julie Bort 2025-10-06 12:54:48

In Brief Replit has raised a $250 million round, valuing the company at $3 billion. Unlike other fast-growing vibe coders, Replit has not been running to VCs every few months, though we’ll see if that changes. Its last raise was in 2023 when it raised about $100 million that valued the company at $1.16 billion post-money. Replit has now raised a total of about $478 million, PitchBook estimates. The company, founded in 2016 by programmers Amjad Masad (pictured), Faris Masad, and designer Haya O

Topics: company google million raised replit

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Ted Cruz’s new bill would let AI companies set their own rules for up to 10 years

theverge.com Elissa Welle 2025-10-07 03:25:20

is a NYC-based AI reporter and is currently supported by the Tarbell Center for AI Journalism. She covers AI companies, policies, and products. Posts from this author will be added to your daily email digest and your homepage feed. On Wednesday, Sen. Ted Cruz introduced legislation to create a regulation “sandbox” that would allow artificial intelligence companies to experiment with minimal federal oversight. The SANDBOX Act, if passed by Congress, would allow companies to apply for modificat

Topics: ai companies federal sandbox waivers

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Klarna's stock jumps 15% in NYSE debut after pricing IPO above range

cnbc.com Ryan Browne 2025-10-07 07:07:07

Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Shares of Klarna rose 15% in their New York Stock Exchange debut Wednesday, closing at $45.82 after the Swedish fintech priced its IPO above its expected range. Klarna, known for its popular buy now, pay la

Topics: card company klarna new siemiatkowski

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Klarna surges 30% in NYSE debut after pricing IPO above range

cnbc.com Ryan Browne 2025-10-07 11:57:34

Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Shares of Klarna popped 30% in their New York Stock Exchange debut Wednesday, opening at $52 after the Swedish fintech priced its IPO above its expected range. Klarna, known for its popular buy now, pay lat

Topics: card company klarna new siemiatkowski

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Klarna’s IPO pops, raising $1.4B, with Sequoia as the biggest winner

techcrunch.com Julie Bort 2025-10-07 11:11:44

It’s been a long road for the 20-year-old fintech Klarna to make it to an IPO. But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised $1.4 billion, largely for its existing investors, rather than itself. The fintech giant sold shares at $40, above its announced range of $35 to $37, and came out of the gate with a $15 billion valuation. Shares popped, opening at $52, though quickly settling down to around $46 mid-day. Of the 34.3 million shares Klarna so

Topics: company ipo klarna sequoia shares

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Was Your Dog Harder to Train During the Pandemic? Science Says You’re Not Alone

gizmodo.com Ellyn Lapointe 2025-10-07 15:00:54

Lockdown during the covid pandemic was hard on everyone, including our dogs. New research out today suggests dogs were harder to train in the years following 2020 but became more teachable as restrictions loosened. A study published Wednesday in the journal PLOS One analyzed owner-reported behavioral data for more than 47,000 companion dogs during and immediately after the covid-19 pandemic. The researchers looked for trends in fear, attention, aggression, and trainability, finding that average

Topics: behavior data dogs owners pandemic

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Klarna opens at $52 per share in NYSE debut after pricing IPO above range

cnbc.com Ryan Browne 2025-10-07 19:13:24

Sebastian Siemiatkowski, chief executive officer and co-founder of Klarna Holding AB, center, and Michael Moritz, chairman of Klarna Bank AB, center right, during the company's initial public offering (IPO) at the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Sept. 10, 2025. Klarna shares popped 30% in their New York Stock Exchange debut Wednesday, opening at $52, after the Swedish online lender priced its IPO above its expected range. The company, known for its popular buy now

Topics: card company klarna new siemiatkowski

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Elon Musk Was Just Unseated as the World’s Richest Person

gizmodo.com Ece Yildirim 2025-10-07 17:18:01

Oracle Chairman Larry Ellison is having a good morning. Oracle’s stock is up more than 42% on Wednesday, thanks to an earnings call on Tuesday that left investors stunned. The company missed earnings and revenue estimates, but the forward looking guidance alone was apparently good enough to get investors to rally around it. A bulk of that reaction had to do with the revenue that AI computing demand was expected to bring to Oracle’s cloud infrastructure service. The shares skyrocketed in respo

Topics: ai billion cloud company oracle

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If the AI Industry Fails, It Could Take the Rest of Us Down With It

futurism.com Unknown 2025-10-07 22:12:33

Don't let AI critics tell you it's good for nothing: the amount of money being spent on AI infrastructure is so enormous that it’s literally propping up the US economy. The drawback, of course, is that if the AI industry fails, it could drag the rest of the economy down with it. In 2024, the S&P 500 grew by an incredible 24 percent — what the investment firm Charles Schwab understatedly called a "very good year." Since 2023, nearly half the growth was clustered in just a handful of tech stocks

Topics: ai atlantic companies economy email

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Microsoft taps Anthropic for AI in Word and Excel, signaling distance from OpenAI

zdnet.com Webb Wright 2025-10-07 23:26:00

Elyse Betters Picaro/ZDNET Follow ZDNET: Add us as a preferred source on Google. ZDNET's key takeaways Microsoft will pay Anthropic for access to its AI models. They'll go toward new features in Office 365 platforms. Microsoft and OpenAI are distancing themselves from one another. Microsoft will slacken its dependence on OpenAI through a new partnership with Anthropic, The Information reported on Tuesday. The deal will enable Microsoft to embed Anthropic's AI systems into Microsoft 365 (fo

Topics: ai anthropic company microsoft openai

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Latest Tech News

'We will do better.' Microsoft CEO Nadella admits company has to rebuild trust with employees

OpenAI says nonprofit parent will own equity stake in company of over $100 billion

The Boring Company Reportedly Halts Tunneling in Las Vegas After ‘Crushing Injury’

Oracle shares retreat 6% after sharpest rally in more than 30 years

How China’s Propaganda and Surveillance Systems Really Operate

Alphabet's Verily covered up HIPAA violations, whistleblower says in lawsuit

Oracle shares retreat 7% after sharpest rally in more than 30 years

Elon Musk’s Boring Company suspends work on Vegas airport tunnel after ‘crushing injury’

The FTC is investigating companies that make AI companion chatbots

Panama Ministry of Economy discloses breach claimed by INC ransomware

Ted Cruz AI bill could let firms bribe Trump to avoid safety laws, critics warn

Justice Department sues Uber for allegedly discriminating against people with disabilities

FTC orders AI companies to hand over info about chatbots’ impact on kids

Alphabet, Meta, OpenAI, xAI and Snap face FTC probe over AI chatbot safety for kids

Klarna stock jumps 15% in NYSE debut after pricing IPO above range

A California bill that would regulate AI companion chatbots is close to becoming law

Perplexity reportedly raised $200M at $20B valuation

Opendoor taps new CEO and names Keith Rabois chairman, boosting stock 30%

Amazon is reportedly developing separate AR glasses for customers and its drivers

OpenAI reportedly signs $300 billion Project Stargate cloud deal with Oracle

Replit hits $3B valuation on $150M annualized revenue

Ted Cruz’s new bill would let AI companies set their own rules for up to 10 years

Klarna's stock jumps 15% in NYSE debut after pricing IPO above range

Klarna surges 30% in NYSE debut after pricing IPO above range

Klarna’s IPO pops, raising $1.4B, with Sequoia as the biggest winner

Was Your Dog Harder to Train During the Pandemic? Science Says You’re Not Alone

Klarna opens at $52 per share in NYSE debut after pricing IPO above range

Elon Musk Was Just Unseated as the World’s Richest Person

If the AI Industry Fails, It Could Take the Rest of Us Down With It

Microsoft taps Anthropic for AI in Word and Excel, signaling distance from OpenAI

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